SEC FILE NO. 70-7926
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CERTIFICATE PURSUANT TO
RULE 24
OF PARTIAL COMPLETION OF
TRANSACTIONS
GPU, INC.
JERSEY CENTRAL POWER & LIGHT COMPANY
METROPOLITAN EDISON COMPANY
PENNSYLVANIA ELECTRIC COMPANY
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
----------------------------------------
In the Matter of :
:
GPU, Inc. :
Jersey Central Power & Light Company : Certificate Pursuant
Metropolitan Edison Company : To Rule 24 of Partial
Pennsylvania Electric Company : Completion of Transactions
:
:
File No. 70-7926 :
:
(Public Utility Holding Company :
Act of 1935) :
----------------------------------------:
To the Members of the Securities and Exchange Commission:
The undersigned, GPU, Inc. ("GPU"), Jersey Central Power & Light
Company ("JCP&L"), Metropolitan Edison Company ("Met-Ed") and Pennsylvania
Electric Company ("Penelec"), collectively referred to as the "GPU Companies",
do hereby certify pursuant to Rule 24 of the General Rules and Regulations under
the Public Utility Holding Company Act of 1935, that certain of the transactions
proposed in the Declaration, as amended, filed in SEC File No. 70-7926, have
been carried out in accordance with the terms and conditions of, and for the
purposes requested in, said Declaration and pursuant to the Commission's Order,
dated March 18, 1992, and Supplemental Orders, dated October 26, 1994, July 17,
1996, December 22, 1997, and June 22, 1999, with respect to said Declaration,
as follows:
1. During the period October 1, 2000 through December 31, 2000,
the GPU Companies issued no promissory notes representing borrowings under
the Amended and Restated Credit Agreement, dated as of July 3, 1996, as
amended including by Amendment No. 1 dated as of March 31, 1997, Amendment
No. 2 dated as of May 15, 1998, and Amendment No. 3 dated as of March 2,
1999, among the GPU Companies; the banks named therein, and The Chase
Manhattan Bank, N.A., as Administrative Agent, Citibank Securities, Inc., as
Syndication Agent, and Citicorp Securities, Inc. and Chase Manhattan Bank
Securities, Inc., as Arrangers, and no such borrowings were outstanding
thereunder at such date.
2. At the close of business on September 30, 2000, GPU, JCP&L, Met-Ed
and Penelec had outstanding unsecured short-term promissory notes issued as
commercial paper as follows:
Company Amount
------- ------
GPU $ 74,598,000
JCP&L 134,300,000
Met-Ed 72,000,000
Penelec 98,600,000
-2-
<PAGE>
3. During the period October 1, 2000 through December 31, 2000, GPU, JCP&L,
Met-Ed, and Penelec issued and sold (and paid at maturity where such commercial
paper matured on or before December 31, 2000) unsecured short-term promissory
notes as commercial paper as follows:
GPU
---
Date of Issuance Maturity Date Amount
---------------- ------------- ------
10/02/00 10/03/00 4,901,000
10/02/00 10/10/00 25,840,000
10/03/00 10/04/00 1,002,000
10/03/00 10/04/00 4,901,000
10/03/00 10/10/00 1,250,000
10/04/00 10/05/00 942,000
10/04/00 10/12/00 8,036,000
10/04/00 11/09/00 3,988,000
10/05/00 10/06/00 943,000
10/06/00 10/10/00 1,006,000
10/06/00 10/10/00 2,998,000
10/06/00 10/18/00 2,055,000
10/10/00 10/11/00 3,001,000
10/10/00 10/23/00 4,010,000
10/10/00 11/09/00 25,992,000
10/11/00 10/12/00 1,808,000
10/11/00 11/06/00 1,200,000
10/12/00 10/13/00 1,809,000
10/12/00 10/23/00 13,195,000
10/13/00 10/16/00 1,812,000
10/16/00 10/17/00 1,811,000
10/17/00 10/18/00 1,811,000
10/18/00 10/19/00 1,812,000
10/18/00 10/23/00 1,055,000
10/18/00 10/24/00 1,003,000
10/19/00 10/20/00 1,811,000
10/20/00 10/23/00 1,812,000
10/23/00 10/24/00 1,085,000
10/23/00 11/15/00 19,070,000
10/24/00 10/30/00 2,091,000
10/30/00 10/31/00 22,545,000
10/30/00 11/15/00 2,097,000
10/31/00 11/01/00 22,550,000
11/01/00 11/02/00 22,555,000
11/02/00 11/03/00 17,776,000
11/02/00 11/21/00 4,800,000
11/03/00 11/06/00 7,826,000
11/03/00 11/22/00 5,000,000
11/03/00 11/27/00 5,000,000
11/06/00 11/07/00 9,027,000
11/07/00 11/08/00 9,027,000
11/08/00 11/09/00 9,029,000
11/09/00 11/10/00 2,416,000
11/09/00 11/10/00 26,005,000
11/09/00 11/15/00 8,100,000
11/09/00 11/22/00 2,500,000
11/10/00 11/13/00 2,402,000
-3-
<PAGE>
GPU con't
Date of Issuance Maturity Date Amount
---------------- ------------- ------
11/10/00 11/13/00 26,015,000
11/13/00 11/14/00 2,401,000
11/13/00 11/14/00 26,020,000
11/14/00 11/15/00 2,401,000
11/14/00 11/15/00 26,025,000
11/15/00 11/16/00 4,941,000
11/15/00 11/16/00 10,503,000
11/15/00 11/20/00 21,186,000
11/15/00 11/21/00 21,110,000
11/20/00 11/27/00 21,219,000
11/21/00 11/27/00 4,806,000
11/21/00 11/29/00 21,143,000
11/22/00 11/27/00 7,508,000
11/27/00 11/28/00 17,318,000
11/27/00 11/28/00 21,224,000
JCP&L
-----
Date of Issuance Maturity Date Amount
---------------- ------------- ------
10/02/00 10/03/00 20,000,000
10/02/00 10/10/00 25,200,000
10/03/00 10/04/00 20,000,000
10/03/00 10/13/00 26,200,000
10/04/00 10/05/00 15,400,000
10/04/00 10/11/00 20,000,000
10/05/00 10/16/00 19,700,000
10/06/00 10/12/00 22,000,000
10/10/00 10/17/00 18,600,000
10/10/00 10/24/00 20,000,000
10/11/00 10/18/00 14,700,000
10/12/00 10/26/00 30,700,000
10/13/00 10/27/00 20,000,000
10/16/00 10/23/00 17,200,000
10/17/00 10/30/00 22,600,000
10/18/00 10/19/00 7,600,000
10/20/00 10/25/00 37,900,000
10/23/00 10/24/00 2,300,000
10/24/00 11/01/00 14,300,000
10/25/00 11/03/00 20,000,000
10/25/00 11/08/00 13,000,000
10/26/00 10/30/00 10,000,000
10/26/00 11/02/00 16,000,000
10/27/00 11/09/00 17,500,000
10/30/00 11/06/00 15,000,000
10/31/00 11/07/00 2,000,000
11/01/00 11/07/00 19,400,000
11/01/00 11/15/00 20,000,000
11/02/00 11/14/00 26,100,000
11/03/00 11/17/00 21,400,000
11/06/00 11/07/00 9,400,000
11/07/00 11/13/00 25,200,000
-4-
<PAGE>
JCP&L con't
-----------
Date of Issuance Maturity Date Amount
---------------- ------------- ------
11/08/00 11/13/00 8,900,000
11/09/00 11/13/00 11,000,000
11/14/00 11/16/00 12,300,000
11/15/00 11/28/00 15,000,000
11/16/00 11/21/00 8,400,000
11/17/00 11/27/00 18,000,000
11/20/00 11/21/00 21,500,000
11/21/00 11/22/00 6,300,000
11/21/00 12/05/00 20,000,000
11/22/00 11/27/00 12,500,000
11/27/00 11/29/00 22,900,000
11/28/00 12/04/00 11,100,000
11/29/00 12/06/00 19,000,000
12/04/00 12/11/00 6,200,000
12/05/00 12/06/00 14,800,000
12/06/00 12/07/00 8,000,000
12/06/00 12/13/00 20,000,000
12/07/00 12/08/00 5,800,000
12/12/00 12/14/00 11,000,000
12/13/00 12/15/00 2,000,000
12/14/00 12/18/00 7,000,000
12/15/00 12/18/00 13,000,000
12/18/00 12/26/00 12,600,000
12/26/00 12/27/00 12,500,000
12/28/00 01/03/01 8,000,000
12/29/00 01/04/01 19,400,000
Met-Ed
------
Date of Issuance Maturity Date Amount
---------------- ------------- ------
10/04/00 10/18/00 18,800,000
10/05/00 10/06/00 13,200,000
10/06/00 10/10/00 15,300,000
10/10/00 10/11/00 18,100,000
10/11/00 10/12/00 13,400,000
10/11/00 10/25/00 10,000,000
10/12/00 10/13/00 22,500,000
10/13/00 11/03/00 20,600,000
10/16/00 10/23/00 17,700,000
10/18/00 10/19/00 16,700,000
10/20/00 10/27/00 13,000,000
10/23/00 10/30/00 16,100,000
10/24/00 10/25/00 7,500,000
10/25/00 10/26/00 15,300,000
10/26/00 11/01/00 11,200,000
10/27/00 11/09/00 17,600,000
10/30/00 11/06/00 12,000,000
10/31/00 11/07/00 3,200,000
11/01/00 11/08/00 14,900,000
11/02/00 11/14/00 3,700,000
11/03/00 11/17/00 20,900,000
-5-
<PAGE>
Met-Ed con't
------------
Date of Issuance Maturity Date Amount
---------------- ------------- ------
11/06/00 11/13/00 8,900,000
11/07/00 11/13/00 1,500,000
11/08/00 11/15/00 12,600,000
11/09/00 11/16/00 10,000,000
11/10/00 11/13/00 2,700,000
11/13/00 11/21/00 11,300,000
11/14/00 11/21/00 2,300,000
11/15/00 11/28/00 10,900,000
11/16/00 11/21/00 10,200,000
11/17/00 11/22/00 19,600,000
11/20/00 11/27/00 5,300,000
11/21/00 12/05/00 21,100,000
11/22/00 11/27/00 18,300,000
11/27/00 12/04/00 21,000,000
11/28/00 11/29/00 9,600,000
11/29/00 12/06/00 8,200,000
11/30/00 12/07/00 3,100,000
12/01/00 12/08/00 12,100,000
12/04/00 12/11/00 17,500,000
12/05/00 12/06/00 9,700,000
12/06/00 12/07/00 6,000,000
12/06/00 12/13/00 10,000,000
12/07/00 12/14/00 6,000,000
12/08/00 12/22/00 10,000,000
12/11/00 12/12/00 15,000,000
12/12/00 12/14/00 13,000,000
12/13/00 12/18/00 5,000,000
12/13/00 01/03/01 3,000,000
12/14/00 12/19/00 10,000,000
12/14/00 01/05/01 6,000,000
12/18/00 12/26/00 16,500,000
12/19/00 01/03/01 3,000,000
12/20/00 12/21/00 3,000,000
12/22/00 01/04/01 9,100,000
12/26/00 12/27/00 16,600,000
12/27/00 01/02/01 13,000,000
12/28/00 01/08/01 9,000,000
12/29/00 01/09/01 3,500,000
Penelec
-------
Date of Issuance Maturity Date Amount
---------------- ------------- ------
10/03/00 10/10/00 13,600,000
10/04/00 10/05/00 20,000,000
10/04/00 10/18/00 15,700,000
10/05/00 10/19/00 21,300,000
10/06/00 10/12/00 21,800,000
10/10/00 10/24/00 18,000,000
10/12/00 10/13/00 10,000,000
10/12/00 10/19/00 20,000,000
10/13/00 10/16/00 11,000,000
-6-
<PAGE>
Penelec con't
-------------
Date of Issuance Maturity Date Amount
---------------- ------------- ------
10/16/00 10/23/00 10,000,000
10/18/00 10/25/00 16,700,000
10/19/00 10/26/00 20,000,000
10/19/00 11/02/00 17,300,000
10/23/00 10/30/00 8,400,000
10/24/00 11/03/00 15,800,000
10/25/00 11/06/00 15,100,000
10/26/00 11/09/00 13,600,000
10/27/00 11/09/00 12,300,000
10/30/00 11/06/00 18,000,000
10/31/00 11/07/00 4,500,000
11/02/00 11/14/00 12,000,000
11/03/00 11/17/00 15,600,000
11/06/00 11/13/00 30,300,000
11/07/00 11/13/00 3,200,000
11/08/00 11/15/00 12,000,000
11/09/00 11/16/00 18,400,000
11/13/00 11/21/00 19,900,000
11/14/00 11/21/00 10,800,000
11/15/00 11/28/00 14,000,000
11/16/00 11/27/00 18,400,000
11/17/00 11/22/00 14,300,000
11/20/00 12/04/00 6,700,000
11/21/00 12/05/00 28,200,000
11/22/00 11/27/00 13,100,000
11/27/00 12/06/00 29,200,000
11/28/00 11/29/00 12,800,000
11/29/00 12/13/00 11,400,000
11/30/00 12/07/00 5,900,000
12/01/00 12/08/00 2,800,000
12/04/00 12/11/00 13,200,000
12/05/00 12/06/00 25,700,000
12/06/00 12/08/00 23,000,000
12/06/00 12/12/00 30,000,000
12/07/00 12/14/00 2,300,000
12/08/00 12/22/00 19,000,000
12/08/00 01/03/01 5,000,000
12/11/00 12/18/00 10,000,000
12/12/00 12/14/00 29,000,000
12/13/00 12/15/00 5,000,000
12/13/00 01/03/01 3,000,000
12/14/00 12/19/00 20,000,000
12/14/00 01/05/01 9,000,000
12/18/00 12/26/00 20,400,000
12/19/00 01/02/01 11,000,000
12/20/00 12/21/00 7,200,000
12/21/00 12/27/00 4,100,000
12/22/00 12/27/00 17,900,000
12/26/00 12/27/00 20,800,000
12/27/00 01/02/01 4,000,000
12/28/00 01/08/01 11,000,000
12/29/00 01/09/01 12,800,000
-7-
<PAGE>
To summarize the above transactions, at December 31, 2000, GPU, JCP&L,
Met-Ed and Penelec had outstanding unsecured short-term promissory notes issued
as commercial paper as follows:
Company Amount
------- ------
GPU $ 0
JCP&L 27,400,000
Met-Ed 46,600,000
Penelec 55,800,000
4. At the close of business on September 30, 2000, the GPU Companies had
outstanding unsecured short-term promissory notes representing bank borrowings
under informal bank lines, as follows:
Company Amount
------- ------
GPU $116,300,000
JCP&L 28,700,000
Met-Ed 49,100,000
Penelec 10,700,000
During the period October 1, 2000 through December 31, 2000, the GPU
Companies issued unsecured promissory notes representing bank borrowings under
informal bank lines of credit as follows:
GPU
---
Issue
Date Bank Amount Maturity
----- ---- ------ --------
10/02/00 Chase Manhattan Bank 8,900,000 10/16/00
10/03/00 Sumitomo Bank 15,200,000 10/17/00
10/04/00 Chase Manhattan Bank 7,300,000 11/01/00
10/04/00 Summit Bank 5,800,000 10/25/00
10/05/00 Sumitomo Bank 8,600,000 10/06/00
10/05/00 Summit Bank 4,100,000 10/26/00
10/06/00 Chase Manhattan Bank 22,700,000 10/12/00
10/06/00 Sumitomo Bank 15,000,000 10/11/00
10/10/00 Chase Manhattan Bank 11,900,000 11/02/00
10/11/00 Sumitomo Bank 15,000,000 10/18/00
10/12/00 Bank of New York 4,700,000 10/13/00
10/12/00 Chase Manhattan Bank 22,700,000 11/09/00
10/13/00 Bank of New York 7,000,000 10/16/00
10/13/00 Summit Bank 30,100,000 11/03/00
10/16/00 Chase Manhattan Bank 15,900,000 11/06/00
10/17/00 Allfirst Bank 13,700,000 11/07/00
10/17/00 Merchants National Bank 2,000,000 11/14/00
10/18/00 Sumitomo Bank 15,200,000 10/19/00
10/19/00 Sumitomo Bank 15,100,000 10/26/00
10/25/00 Summit Bank 5,800,000 11/13/00
10/26/00 Sumitomo Bank 15,500,000 11/02/00
-8-
<PAGE>
GPU con't
---------
Issue
Date Bank Amount Maturity
----- ---- ------ --------
10/26/00 Summit Bank 4,100,000 11/16/00
11/01/00 Chase Manhattan Bank 7,300,000 11/22/00
11/02/00 Sumitomo Bank 27,700,000 11/08/00
11/03/00 Summit Bank 30,100,000 11/17/00
11/06/00 Chase Manhattan Bank 11,400,000 11/14/00
11/06/00 Sumitomo Bank 4,600,000 11/13/00
11/07/00 Chase Manhattan Bank 13,800,000 11/13/00
11/08/00 Sumitomo Bank 27,600,000 11/14/00
11/09/00 Chase Manhattan Bank 22,700,000 12/06/00
11/13/00 Mellon Bank 5,500,000 11/21/00
11/13/00 Sumitomo Bank 18,800,000 11/17/00
11/14/00 Chase Manhattan Bank 7,900,000 11/16/00
11/14/00 Sumitomo Bank 27,600,000 11/16/00
11/14/00 Summit Bank 5,800,000 11/16/00
11/16/00 Sumitomo Bank 31,100,000 11/21/00
11/16/00 Summit Bank 9,900,000 12/07/00
11/17/00 Chase Manhattan Bank 7,000,000 12/07/00
11/17/00 Sumitomo Bank 18,900,000 12/08/00
11/17/00 Summit Bank 30,100,000 12/07/00
11/21/00 Bank of New York 5,600,000 11/22/00
11/21/00 Sumitomo Bank 31,100,000 12/05/00
11/22/00 Chase Manhattan Bank 7,300,000 11/27/00
11/22/00 Mellon Bank 5,600,000 11/27/00
11/27/00 Bank of New York 5,500,000 11/28/00
11/27/00 Chase Manhattan Bank 7,300,000 11/28/00
11/29/00 Chase Manhattan Bank 43,600,000 12/06/00
11/29/00 Chase Manhattan Bank 7,300,000 12/08/00
11/29/00 Merchants National Bank 2,000,000 12/13/00
12/05/00 Sumitomo Bank 30,000,000 12/06/00
12/07/00 Chase Manhattan Bank 22,700,000 12/14/00
12/07/00 Summit Bank 17,300,000 12/11/00
12/08/00 Chase Manhattan Bank 7,300,000 12/22/00
12/08/00 Sumitomo Bank 19,900,000 12/12/00
12/11/00 Sumitomo Bank 27,000,000 12/15/00
12/12/00 Sumitomo Bank 18,000,000 12/15/00
12/13/00 Sumitomo Bank 4,000,000 12/15/00
12/14/00 Summit Bank 27,900,000 12/22/00
12/15/00 Sumitomo Bank 38,000,000 12/21/00
12/15/00 Sumitomo Bank 10,000,000 12/19/00
12/18/00 Chase Manhattan Bank 22,700,000 12/22/00
12/19/00 Summit Bank 11,100,000 12/22/00
12/20/00 Sumitomo Bank 1,300,000 12/22/00
12/21/00 Sumitomo Bank 31,900,000 12/22/00
12/22/00 Chase Manhattan Bank 30,000,000 01/03/01
12/22/00 Sumitomo Bank 7,600,000 12/26/00
12/22/00 Summit Bank 20,000,000 01/05/01
12/22/00 Summit Bank 20,000,000 01/12/01
12/26/00 Allfirst Bank 7,600,000 01/04/01
12/27/00 Allfirst Bank 7,400,000 01/04/01
12/27/00 Mellon Bank 18,200,000 01/02/01
12/27/00 PNC Bank 9,400,000 01/04/01
-9-
<PAGE>
JCP&L
-----
Issue
Date Bank Amount Maturity
----- ---- ------ --------
10/06/00 Chase Manhattan Bank 9,000,000 10/17/00
10/23/00 Mellon Bank 8,600,000 11/22/00
10/30/00 Mellon Bank 11,400,000 11/10/00
10/30/00 Sumitomo Bank 5,000,000 10/31/00
11/10/00 Mellon Bank 11,400,000 11/13/00
11/10/00 Sumitomo Bank 2,900,000 11/13/00
11/30/00 Mellon Bank 4,100,000 12/07/00
12/01/00 Mellon Bank 14,100,000 12/08/00
12/04/00 Mellon Bank 1,800,000 01/05/01
12/07/00 Mellon Bank 4,100,000 12/14/00
12/08/00 Mellon Bank 14,100,000 12/11/00
12/11/00 Mellon Bank 14,100,000 12/12/00
12/13/00 Mellon Bank 14,000,000 12/15/00
12/20/00 Mellon Bank 2,700,000 12/21/00
Met-Ed
------
Issue
Date Bank Amount Maturity
------ ---- ------ --------
10/02/00 Chase Manhattan Bank 18,800,000 10/16/00
10/03/00 Sumitomo Bank 8,900,000 10/17/00
10/05/00 Sumitomo Bank 3,700,000 10/06/00
10/17/00 Sumitomo Bank 10,000,000 10/24/00
10/30/00 Sumitomo Bank 3,800,000 10/31/00
11/09/00 Sumitomo Bank 5,100,000 11/10/00
Penelec
-------
Issue
Date Bank Amount Maturity
----- ---- ------ --------
10/02/00 Chase Manhattan Bank 3,500,000 10/16/00
10/02/00 Summit Bank 10,000,000 10/13/00
10/04/00 Sumitomo Bank 9,900,000 10/11/00
10/10/00 Bank of New York 2,500,000 10/11/00
10/11/00 Bank of New York 5,300,000 10/12/00
10/11/00 Sumitomo Bank 10,900,000 10/18/00
10/12/00 Bank of New York 3,200,000 10/13/00
10/13/00 Bank of New York 8,700,000 10/16/00
10/16/00 Bank of New York 9,800,000 10/17/00
10/17/00 Sumitomo Bank 12,000,000 10/18/00
10/18/00 Sumitomo Bank 20,000,000 10/19/00
10/20/00 Mellon Bank 11,400,000 10/30/00
10/30/00 Sumitomo Bank 3,100,000 10/31/00
11/01/00 Sumitomo Bank 17,700,000 11/08/00
11/08/00 Sumitomo Bank 3,600,000 11/15/00
11/09/00 Sumitomo Bank 5,000,000 11/10/00
-10-
<PAGE>
Each such unsecured promissory note bears interest at a rate (after
giving effect to any fees or compensating balance requirements) not exceeding
125% of the greater of (A) the lending bank's prime rate for commercial
borrowings in effect from time to time, and (B) the Federal Funds Rate plus 1/2
of 1%, as in effect at the date of borrowing.
During the period of October 1, 2000 through December 31, 2000, the
Companies repaid unsecured promissory notes issued to banks, as follows:
GPU
---
Date Bank Amount
---- ---- ------
10/02/00 Banca Popolare Di Milano 1,900,000
10/03/00 Allfirst Bank 15,000,000
10/04/00 Chase Manhattan Bank 7,300,000
10/04/00 Summit Bank 5,800,000
10/05/00 Banca Popolare Di Milano 6,400,000
10/05/00 Banca Popolare Di Milano 2,100,000
10/05/00 Summit Bank 4,100,000
10/06/00 Chase Manhattan Bank 22,700,000
10/06/00 First Union National Bank 7,000,000
10/06/00 Merchants National Bank 200,000
10/06/00 Sumitomo Bank 8,600,000
10/10/00 First Union National Bank 11,000,000
10/11/00 Sumitomo Bank 15,000,000
10/12/00 Chase Manhattan Bank 22,700,000
10/13/00 Bank of New York 4,700,000
10/13/00 First Union National Bank 12,100,000
10/13/00 Summit Bank 20,100,000
10/16/00 Bank of New York 7,000,000
10/16/00 Chase Manhattan Bank 8,900,000
10/17/00 Merchants National Bank 600,000
10/17/00 Sumitomo Bank 15,200,000
10/18/00 Sumitomo Bank 15,000,000
10/19/00 Sumitomo Bank 15,200,000
10/25/00 Summit Bank 5,800,000
10/26/00 Sumitomo Bank 15,100,000
10/26/00 Summit Bank 4,100,000
11/01/00 Chase Manhattan Bank 7,300,000
11/02/00 Chase Manhattan Bank 11,900,000
11/02/00 Sumitomo Bank 15,500,000
11/03/00 Summit Bank 30,100,000
11/06/00 Chase Manhattan Bank 15,900,000
11/07/00 Allfirst Bank 13,700,000
11/08/00 Sumitomo Bank 27,700,000
11/09/00 Chase Manhattan Bank 22,700,000
11/13/00 Chase Manhattan Bank 13,800,000
11/13/00 Sumitomo Bank 4,600,000
11/13/00 Summit Bank 5,800,000
11/14/00 Chase Manhattan Bank 11,400,000
11/14/00 Merchants National Bank 2,000,000
11/14/00 Sumitomo Bank 27,600,000
11/16/00 Chase Manhattan Bank 7,900,000
-11-
<PAGE>
GPU con't
---------
Date Bank Amount
---- ---- ------
11/16/00 Sumitomo Bank 27,600,000
11/16/00 Summit Bank 5,800,000
11/16/00 Summit Bank 4,100,000
11/17/00 Sumitomo Bank 18,800,000
11/17/00 Summit Bank 30,100,000
11/21/00 Mellon Bank 5,500,000
11/21/00 Sumitomo Bank 31,100,000
11/22/00 Bank of New York 5,600,000
11/22/00 Chase Manhattan Bank 7,300,000
11/27/00 Chase Manhattan Bank 7,300,000
11/27/00 Mellon Bank 5,600,000
11/28/00 Bank of New York 5,500,000
11/28/00 Chase Manhattan Bank 7,300,000
12/05/00 Sumitomo Bank 31,100,000
12/06/00 Chase Manhattan Bank 43,600,000
12/06/00 Chase Manhattan Bank 22,700,000
12/06/00 Sumitomo Bank 30,000,000
12/07/00 Chase Manhattan Bank 7,000,000
12/07/00 Summit Bank 30,100,000
12/07/00 Summit Bank 9,900,000
12/08/00 Chase Manhattan Bank 7,300,000
12/08/00 Sumitomo Bank 18,900,000
12/11/00 Summit Bank 17,300,000
12/12/00 Sumitomo Bank 19,900,000
12/13/00 Merchants National Bank 2,000,000
12/14/00 Chase Manhattan Bank 22,700,000
12/15/00 Sumitomo Bank 4,000,000
12/15/00 Sumitomo Bank 18,000,000
12/15/00 Sumitomo Bank 27,000,000
12/19/00 Sumitomo Bank 10,000,000
12/21/00 Sumitomo Bank 38,000,000
12/22/00 Chase Manhattan Bank 7,300,000
12/22/00 Chase Manhattan Bank 22,700,000
12/22/00 Sumitomo Bank 31,900,000
12/22/00 Sumitomo Bank 1,300,000
12/22/00 Summit Bank 27,900,000
12/22/00 Summit Bank 11,100,000
12/26/00 Sumitomo Bank 7,600,000
JCP&L
-----
Date Bank Amount
---- ---- ------
10/05/00 Banca Popolare Di Milano 4,400,000
10/11/00 PNC Bank 11,800,000
10/17/00 Chase Manhattan Bank 9,000,000
10/19/00 Mellon Bank 12,500,000
10/31/00 Sumitomo Bank 5,000,000
11/10/00 Mellon Bank 11,400,000
11/13/00 Mellon Bank 11,400,000
11/13/00 Sumitomo Bank 2,900,000
-12-
<PAGE>
JCP&L con't
-----------
Date Bank Amount
---- ---- ------
11/22/00 Mellon Bank 8,600,000
12/07/00 Mellon Bank 4,100,000
12/08/00 Mellon Bank 14,100,000
12/11/00 Mellon Bank 14,100,000
12/12/00 Mellon Bank 14,100,000
12/14/00 Mellon Bank 4,100,000
12/15/00 Mellon Bank 14,000,000
12/21/00 Mellon Bank 2,700,000
Met-Ed
------
Date Bank Amount
---- ---- ------
10/02/00 Banca Popolare Di Milano 6,400,000
10/02/00 Bank of New York 6,000,000
10/02/00 Summit Bank 10,000,000
10/05/00 Banca Popolare Di Milano 8,800,000
10/06/00 Sumitomo Bank 3,700,000
10/11/00 PNC Bank 10,400,000
10/16/00 Chase Manhattan Bank 18,800,000
10/17/00 Sumitomo Bank 8,900,000
10/19/00 Mellon Bank 7,500,000
10/24/00 Sumitomo Bank 10,000,000
10/31/00 Sumitomo Bank 3,800,000
11/10/00 Sumitomo Bank 5,100,000
Penelec
-------
Date Bank Amount
---- ---- ------
10/10/00 First Union National Bank 2,900,000
10/11/00 Bank of New York 2,500,000
10/11/00 PNC Bank 7,800,000
10/11/00 Sumitomo Bank 9,900,000
10/12/00 Bank of New York 5,300,000
10/13/00 Bank of New York 3,200,000
10/13/00 Summit Bank 10,000,000
10/16/00 Bank of New York 8,700,000
10/16/00 Chase Manhattan Bank 3,500,000
10/17/00 Bank of New York 9,800,000
10/18/00 Sumitomo Bank 10,900,000
10/18/00 Sumitomo Bank 12,000,000
10/19/00 Sumitomo Bank 20,000,000
10/30/00 Mellon Bank 11,400,000
10/31/00 Sumitomo Bank 3,100,000
11/08/00 Sumitomo Bank 17,700,000
11/10/00 Sumitomo Bank 5,000,000
11/15/00 Sumitomo Bank 3,600,000
-13-
<PAGE>
To summarize the above transactions, at December 31, 2000 the GPU
Companies had outstanding unsecured promissory notes pursuant to informal bank
lines of credit as follows:
GPU $ 112,600,000
JCP&L 1,800,000
Met-Ed 0
Penelec 0
-14-
<PAGE>
SIGNATURE
PURSUANT TO THE REQUIREMENTS OF THE PUBLIC UTILITY HOLDING COMPANY
ACT OF 1935, THE UNDERSIGNED COMPANIES HAVE DULY CAUSED THIS STATEMENT TO BE
SIGNED ON THEIR BEHALF BY THE UNDERSIGNED THEREUNTO DULY AUTHORIZED.
GPU, INC.
JERSEY CENTRAL POWER & LIGHT COMPANY
METROPOLITAN EDISON COMPANY
PENNSYLVANIA ELECTRIC COMPANY
By: /s/ T. G. Howson
-----------------------------
T. G. Howson
Vice President and Treasurer
Date: January 8, 2001
